HomeMy WebLinkAboutEDA RES 2017-079
A Resolution of the Economic Development Authority of Columbia Heights, Minnesota, Approving the
Financial Statements for Month of February 2017 and the Payment of the Bills for the Month of
iebruairy 2017.
WHEREAS, the Columbia Heights Econ!ornlic Development Authority (EDA) is required by Mlinnesota Statutes
Section 469.096, Subcl 9, to prepare a detailed financial statement which shows all rece,ipts, and
disbursements, their nature, the money on hand, the purposes to which the money on hand is to be applied,
the EDA's credits and assets anid its o abilities; and
WHEREAS, said Statute also requires the EDA to examine the statement and treasurer's voulchers or bills and if
correct, to approve them by resolution and' enter the resolution in its records; and'
WHEREAS, the financial statement for the month of February 2017 has been reviewed by the EDA
Commission; and
WHEREAS, the ED;A has examined the financial statements and finds them to be acceptable as to both, form
and accuracy; and
WHEREAS, the EDA Commission has other means to verify the intent of Section 469.096, Subd, 9, including
but not limited to Comprehensive Annual Finaincial Reports,, Annual City approved Budgets, Audits and similar
documentation; and
WHEREAS, financials statements are held by the City's Finance Department in a method outlined by the State
of Minnesota's Records Retention Schedule,
NOW, THEREFORE BE IT RESOLVED by the Board of Commissioners of the Columbia Heights Economic
Development Authority that it has examined the referenced financial statements including the check history,
and they are found to be correct, as to form and content; and
BE IT FURTHER RESOLVED the financial statements are acknowledged' and received and the check history as
presented in writing is approved for payment out of proper funds; and
BE IT FURTHER RESOLVED this resolution is made a part of the permanent record's of the Columbia Heights
Economic Development Authority,
Passed this a day of
Attest-,
Secretary
Resolution 2017-07
2017
Vice President